Amazon.com is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday, citing a person familiar with the matter. The cloud services giant announced an investment of $4 billion in the OpenAI rival in September last year, saying its customers would gain early access to Anthropic’s technology.… Continue reading Amazon mulls new multi-billion-dollar investment in Anthropic: reportAmazon had invested $4b in the OpenAI rival in Sept. 2023.
Author: Deal Street Asia Online News
People Digest: Layoffs at Freshworks and The 1% ClubFreshworks has laid off 13% of its staff or 660 employees globally.
SaaS firm Freshworks and finance influencer Sharan Hegde’s platform The 1% Club have announced layoffs. Freshworks lays off 13% employees SaaS firm Freshworks has laid off 13% of its staff in a move impacting about 660 employees globally to streamline its operations. “In November 2024, the company committed to a restructuring plan to better align… Continue reading People Digest: Layoffs at Freshworks and The 1% ClubFreshworks has laid off 13% of its staff or 660 employees globally.
Indian PE firm Lighthouse closes Fund IV at $475m, 30% above initial targetThis fund is more than double the size of its predecessor.
Lighthouse Funds, India’s leading mid-market private equity (PE) firm focused on consumer and healthcare sectors, has closed its fourth investment vehicle at $475 million (Rs 4,000 crore), per an announcement. Despite a challenging global environment, the firm said its fundraising process significantly exceeded its expectations with Lighthouse India Fund IV closing 30% above its initial… Continue reading Indian PE firm Lighthouse closes Fund IV at $475m, 30% above initial targetThis fund is more than double the size of its predecessor.
Indonesian SaaS startup CARDS bags seed funding led by Katha VCDS/X Venture and EduSpaze also joined the round.
CARDS, an Indonesia-based innovative school management SaaS platform, on Thursday announced an undisclosed seed funding led by Katha VC, a US venture capital firm focused on fintech startups. DS/X Venture and EduSpaze, a prominent edtech accelerator in Southeast Asia, also joined the round. With the new funding, CARDS plans to expand its reach and further… Continue reading Indonesian SaaS startup CARDS bags seed funding led by Katha VCDS/X Venture and EduSpaze also joined the round.
India’s Northern Arc secures $65m in debt commitments for maiden climate fundWhile DFC has committed $50m, OeEB will invest $15m in the fund.
Northern Arc, a non-banking financial company in India, on Thursday said its maiden climate fund has secured $65 million in debt commitments from the United States International Development Finance Corporation (DFC) and OeEB, the official Development Bank of the Republic of Austria. While DFC has committed $50 million, OeEB will invest $15 million in the… Continue reading India’s Northern Arc secures $65m in debt commitments for maiden climate fundWhile DFC has committed $50m, OeEB will invest $15m in the fund.
Hong Kong’s MTR Lab makes first Mainland China investment in EnsonicThe firm counts Vertex Ventures China, China Mobile Equity Investment, and Lenovo …
MTR Lab, the corporate venture arm of public transport operator and developer MTR Corporation, has made a strategic investment in industrial acoustic AI technology provider Ensonic as it seeks to expand overseas. The investment will accelerate the ongoing research and development of Ensonic’s technology and products, according to a company release on Tuesday. MTR Lab… Continue reading Hong Kong’s MTR Lab makes first Mainland China investment in EnsonicThe firm counts Vertex Ventures China, China Mobile Equity Investment, and Lenovo …
Taiwanese insurer Fubon Life commits $70m to I Squared’s latest energy transition fundISQ Energy Transition Fund seeks to raise around $2 billion.
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Malaysian VC firm Kairous Capital bets big on Vietnam’s booming consumer marketThe firm is gearing up to open an office in Vietnam next year.
Kairous Capital, a Malaysia-headquartered venture capital firm, is placing a significant bet on the burgeoning Vietnamese market, according to a top executive. With offices in Kuala Lumpur, Shanghai, and Hong Kong, the firm is now gearing up to open an office in Vietnam next year, Joseph Lee, Managing Partner of Kairous Capital, told DealStreetAsia during… Continue reading Malaysian VC firm Kairous Capital bets big on Vietnam’s booming consumer marketThe firm is gearing up to open an office in Vietnam next year.
Swiggy’s IPO 12% subscribed after Day 1 of biddingRetail investors placed orders for about 54% of the 10% of the shares earmarked for them.
Food and grocery delivery firm Swiggy‘s $1.4 billion IPO was 12% subscribed after its first day of bidding, with retail investors placing orders for more than half the shares reserved for them in India’s second-largest IPO of 2024. India has been an outlier in Asia with a string of high-profile offerings this year and Swiggy‘s IPO comes after… Continue reading Swiggy’s IPO 12% subscribed after Day 1 of biddingRetail investors placed orders for about 54% of the 10% of the shares earmarked for them.
Inflexor Ventures hits first close of Opportunities Fund, raises 80% of $41m targetPart of the fund will be allocated to increase stake in portfolio c…
Early-stage venture capital firm Inflexor Ventures, which has backed the likes of Atomberg and Bellatrix, has hit the first close of its Opportunities Fund at Rs 280 crore, which is 80% of its Rs 350 crore ($41.5 million) target. HDFC AMC Select AIF FoF (Fund of Funds) I Scheme managed by HDFC AMC is the… Continue reading Inflexor Ventures hits first close of Opportunities Fund, raises 80% of $41m targetPart of the fund will be allocated to increase stake in portfolio c…